Compute the Gentech adjusted cash balance at June

Assignment Help Accounting Basics
Reference no: EM132823869

Question - Gentech Corp. prepared a bank reconciliation as of June 30, 2016. The following items were identified:

Gentech's bank balance $14,300

Deposits in transit $1,000

Outstanding checks 1,300

Bank service charges 50

Customer's NSF check returned by the bank 150

Required - Compute the Gentech's adjusted cash balance at June 30, 2016?

a. $13,800

b. $14,100

c. $14,000

d. $14,300

Reference no: EM132823869

Questions Cloud

What have you learned about the apa documentation technique : Answer these questions after viewing APA tutorial attached (200 words needed). What have you learned about the APA documentation technique?
Role of professors in the classroom : You are Dean of a business school. There is debate in your school about the role of Professors in the classroom.
Compute the total worth of primary inputs : Compute the total worth of primary inputs. Write down the intermediate demand for each type of product. Compute the final demand for each type of product.
Difference in job satisfaction and organizational commitment : Compare the difference between job satisfaction and organizational commitment. Determine which is more strongly related to performance for your selected company
Compute the Gentech adjusted cash balance at June : Gentech Corp. prepared a bank reconciliation as of June 30, 2016. Compute the Gentech's adjusted cash balance at June 30, 2016
Why active listening is required for a leader : With reference to the discussion of coaching, why active listening is required for a leader to support and encourage a subordinate.
What are the drawbacks of identifying a student with add : What methods are used to identify students with attention deficit disorder in an early childhood setting? What are the advantages and drawbacks of identifying.
What is the selling price per case : If the company desires a profit of $3,000,000, what is the selling price per case? Sue Bee Honey is one of the largest processors of its product for the retail
Does delia feel sorry for sykes : Both Delia and Sykes want their home, but it means something different to each of them. Compare and contrast their views. Why does he feel that it is his home?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd